Technical Analysis Wipro Limited

The stock

is in a clear short-term downtrend. Since early 2026 the price has seen a sharp decline characterized by lower highs and lower lows. It recently broke below the crucial psychological level of 210 and is currently hovering around 204.72. Immediate support the recent low near 185 - 190 acts as the immediate floor. If the stock falls below this we could see further panic selling. Immediate resistance the 215 - 220 zone is the first major hurdle. The stock needs to cross and hold above this level to signal a potential trend reversal. Major resistance A heavy supply zone sits at 240. Until the price clears this the overall sentiment remains sell on rallies. For buyers it is risky to enter here. Wait for a Higher High formation or a strong reversal candle like a Bullish Engulfing or Hammer near the 190 support level. For sellers if you are holding short positions keep a trailing stop loss near 215. Technical analysis is based on historical patterns and does not guarantee future results. Always use a Stop-Loss to manage your risk.